Silchester International Investors LLP Has $5.96 Million Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Silchester International Investors LLP lowered its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,691 shares of the company’s stock after selling 6,732 shares during the quarter. Coca-Cola Europacific Partners accounts for approximately 0.8% of Silchester International Investors LLP’s investment portfolio, making the stock its 3rd largest position. Silchester International Investors LLP’s holdings in Coca-Cola Europacific Partners were worth $5,961,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Crewe Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at about $36,000. New Covenant Trust Company N.A. bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $36,000. New Millennium Group LLC bought a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth about $37,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after purchasing an additional 139 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of Coca-Cola Europacific Partners by 142.0% during the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Barclays cut their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th. Finally, Bank of America increased their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.88.

Coca-Cola Europacific Partners Stock Up 0.1 %

Shares of CCEP stock traded up $0.08 during trading hours on Friday, hitting $77.98. 1,022,872 shares of the company’s stock traded hands, compared to its average volume of 1,404,587. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The stock has a market cap of $35.62 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 3.54 and a beta of 0.90. The stock’s fifty day simple moving average is $79.00 and its two-hundred day simple moving average is $74.94. Coca-Cola Europacific Partners PLC has a 12-month low of $57.48 and a 12-month high of $82.32.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.